Wall Street giant JPMorgan Chase has abruptly closed the accounts of Strike CEO Jack Mallers in September, sparking a déjà vu moment for the crypto industry, which faced similar debanking issues. Mallers described receiving an abrupt notification from the bank stating ‘concerning activity’ on his account without further explanation. 30-year banking client at the firm. Following this, he moved to open his own Strike bank, focusing on digital payments using Bitcoin’s Lightning Network. This action comes as a reminder of the industry’s historical struggle with crypto debanking. While regulations from previous administrations like Operation Chokepoint aimed to curb risky industries, President Trump’s recent executive order seeks to address this practice by promoting fair banking for all Americans.